SezMe
post-pre-born
I am responding to the sentence I underlined.shanek said:Then they'll all be shooting themselves in the foot, closing themselves off from a pool of good workers. This would leave the door wide open for competition to come in, grab these good workers, and give the other companies a run for their money. Heck, those workers themselves could even get together and do it.
I can think if no greater example of the theoretical correctness of the libertarian view and no greater example of the practical incorrectness of that same view.
There are a number of reasons why this is impossible from a practical view. I will list some, but I am sure there are many more.
One problem is information. Suppose I work in a shoe factory and get laid off for smoking. How the hell am I going to find other shoe factory workers who have also been laid off for the same reason?
Another problem is the issue of barriers to entry. OK, suppose I find 1000 other workers who have been laid off for smoking. They will be from all over the country (world?). How the hell can they afford the capital to start up a new business?
And so on ..... This is, IMO, one of the central problems of libertarianism and shanek ignores it with most of his posts. The libertarian solution may be theoretically true (although that is also often not true) but practically it is just plain silly.
Shanek, take my example of 1000 shoe factory workers who have been laid off from factories around the USA. Now, how the hell are they ever going to form a competitive enterprise?